Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
Prosus invests $100M in Sachin Bansal's Navi ahead of IPO
Navi, founded by Flipkart co-founder Sachin Bansal, is raising $100 million from Prosus in its first institutional round. The deal values th
Sun Life and CIBC hand AI meeting assistants to advisors
Sun Life and CIBC are equipping financial advisors with AI tools that automate meeting notes and follow-ups. The assistants have already han
Google's AI chip deal hands Marvell a $12.2 billion option
Marvell struck a deal to help build Google's custom AI chips, with a warrant that could become a $12.2 billion stake if Google hits purchase
Zoom's growth bets on phones and AI as buybacks stay funded
Zoom is pushing beyond video meetings with products like Phone and AI Companion, which Bank of America says are gaining traction. The compan
Google's expanded Marvell deal includes warrant for 59 million shares
Google and Marvell have broadened their AI chip partnership, with Google receiving a warrant to buy up to 59 million Marvell shares at $206.
Nebius plans $4.5B raise to fund AI cloud expansion
Nebius Group announced a $4.5 billion convertible note offering to fund data center and GPU expansion. The stock dropped more than 7% in pre
Europe's AI data centers push 175 km from cities for cheaper power
Europe's next wave of AI data centers is moving far from major cities, averaging 175 km away versus 46 km for recent projects. Developers ar
Samsung raises chip prices up to 15% as AI demand fills foundry capacity
Samsung is raising prices on its most advanced made-to-order chips by up to 15% as AI demand and new orders from China fill its factories. T
Charles Schwab expands Hyderabad tech hub to 2,000 staff by 2027
Charles Schwab is growing its Hyderabad tech hub to about 2,000 employees by 2027, shifting contractor work in-house. The move signals tight
Nvidia's H200 chips still reach China, but Beijing steers them to Hong Kong
ByteDance and Tencent each received about 10,000 Nvidia H200 AI chips in recent weeks, but Chinese regulators are pushing to keep the hardwa
ByteDance's $20B loan draws $30B in lender orders as AI spending surges
ByteDance's $20 billion loan drew over $30 billion in lender orders, signaling strong confidence in the TikTok owner. The funds will support
Anthropic weighs dual-class shares to keep founder control before IPO
Anthropic, maker of the Claude chatbot, is exploring governance changes to keep founder control ahead of a possible IPO as soon as late Sept